Connect with us

Hi, what are you looking for?

Fibonacci Tech News

Boeing is cutting 10 percent of its workforce

Photo by Kevin Carter / Getty Images

Boeing will be laying off “roughly” 10 percent of its workforce, president and CEO Kelly Ortberg announced in an email to staff on Friday. That number equates to 17,000 jobs, Reuters reports.

The layoffs will take place “over the coming months” and will include “executives, managers and employees,” Ortberg says. Leadership teams plan to share more information about how the layoffs will affect specific organizations in the company next week.

The announcement of layoffs follows what’s been an extremely difficult year for the company. In January, Boeing 737 Max planes were grounded after a hole blew in one mid-flight. In July, the company accepted a guilty plea deal over 737 Max crashes that happened in 2018 and 2019 and killed more than…

Continue reading…

You May Also Like

Fibonacci Stock News

In the previous technical note, it was categorically mentioned that while the markets may attempt to inch higher, they may not form anything beyond...

Fibonacci Investing News

Chris Edwards Many American cities need more low‐​income housing, but governments reduce supply and raise construction costs with regulations, taxes, and bureaucracy. The Wall...

Fibonacci Tech News

Illustration by Alex Castro / The Verge The question of who gets to regulate crypto has some answers, as a judge has ruled the...

Fibonacci Stock News

If you look at a chart of PLTR stock, you can see that it has had quite a ride, from its short-lived period of...